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20130104
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English 87
Search Results 0 to 49 of about 87 (some duplicates have been removed)
MSNBC
Jan 11, 2013 2:00am PST
is still floating. president obama is meeting with president karzai tomorrow. but it has also revealed where american politics are. in year 12 of this war. nobody is outraged by the prospect of it being all the way over. balloon down. "first look" is up next. >>> good friday morning. right now on "first look," vice president joe biden readies his gun control recommendations for president obama. >>> major concern among top military brass that budget cuts and hiring freezes could create a department of defense with a hollow force. >>> government sting. the dea set up our own secret service agents with prostitutes. >>> all that, plus, the growing flu epidemic, one year after the costa concordia accident, and the return of the water skiing squirrel. >>> good morning. vice president biden continues to hold meetings as the head of the administration's gun control traffic force. biden met with gun control advocates as well as retailers. while participants described the meetings as open and frank, the nra had harsh words for the president afterwards. >> the administration was able to check the
MSNBC
Jan 11, 2013 5:00am EST
," vice president joe biden readies his gun control recommendations for president obama. >>> major concern among top military brass that budget cuts and hiring freezes could create a department of defense with a hollow force. >>> government sting. the dea set up our own secret service agents with prostitutes. >>> all that, plus, the growing flu epidemic, one year after the costa concordia accident, and the return of the water skiing squirrel. >>> good morning. vice president biden continues to hold meetings as the head of the administration's gun control traffic force. biden met with gun control advocates as well as retailers. while participants described the meetings as open and frank, the nra had harsh words for the president afterwards. >> the administration was able to check the box and say they'd talked to the representatives of firearms owners and the groups that support the second amendment. now they were going to try to proceed with what they wanted to do. >> as those meetings were taking place, another school shooting. this one at a high school in rural california. one student was
FOX News
Jan 7, 2013 8:00am PST
. obama may appoint mr. hagel to take a place at the pentagon. as almost score setting matter i almost hope he does. it would confirm a point i made earlier this column earlier this year, that mr. obama is not a friend of israel. >> you could hardly think of another leading contender for that position who would be, who would raise more eyebrows than chuck hagel when it comes to israel. you heard earlier jennifer griffin quoting the line about the jewish lobby, which is interesting because millions of americans who are christians and not jewish are also supporters of israel. there is the conflation between the jewish lobby and israel lobby which is very disturbing. there is broader record especially concerning iran would make anyone concerned for the security of is rainfall and the relationship between israel and the united states worried about his position as secretary of defense. jon: but this is a guy who served two terms in the senate. >> right. jon: he is a decorated vietnam veteran, a purple heart recipient. >> two purple hearts. jon: two purple hearts. why not put him in at the t
FOX Business
Jan 11, 2013 7:00pm EST
is closer to an end. obama set in motion a reversal of policy to negotiate with terrorists. you heard correctly that includes talking to a group that is accused of aiding international terrorist. that was at a joint news conference today with a news conference with karzai. both are putting there support for the support role this spring and reconciliation talks with the television. >> ultimately security gains should be matched with political progress of real reconciliation progress with the afghan government and television. president karzai updated me on the road map to peace and we agreed the process we should open the television office to facilitate talks. >> but the readiness of the army is closed but they're showing that they're able to operate without the assistance of the u.s. and violence is higher than the surge from two years ago. also insider tax last year there were 45 attacks resulting in 62 deaths among the coalition forces compared to 65 the previous year. but the president did not answer how many will remain in afghanistan after next year. that announcement could take w
FOX Business
Jan 5, 2013 4:00am EST
: good evening, everyone. the imperious obama presidency flat out refusing to negotiate with republicans on the national debt ceiling. the republicans led by speaker boehner are determined to take up debt and spending once again. this time he says the american people are on his side. the speaker today in the republican caucus meeting behind closed doors. bigger banner making it clear that the president's refusal to negotiate will not deter him or his party and the speaker said that the president said that he isn't going to have a debate with us over the debt ceiling. he also says that he's not going to cut spending along with a debt limit hike. fiscal cliff behind us on the focus turns to spending. speaker boehner cited a new poll showing 72% of americans agree with him. but any increase in the debt limit must be accompanied by an equal amount in spending cuts. senator john cornyn saying that if the president intends the president intends to carry through with his no negotiation threat but a government shutd
CNBC
Jan 7, 2013 7:00pm EST
in washington. where today president obama for some reason went ahead with his decision to nominate chuck hagel for secretary of defense. hagel's a republican, but he's been accused of anti-semitism toward israel and he's also soft on iran. >>> and epa regulatory menace lisa jackson finally resigning because president obama apparently will approve the keystone pipeline. that's the latest from a number of sources. and i say good riddance to her, but good for the keystone pipeline. here is a disgraceful story tonight. new reports that welfare cash is being spent on strippers, booze, and important shows. whatever happened to work requirements. and the battle everyone's waiting for in miami tonight, notre dame looks to win the national championship over obama. but in one way, the fighting irish may have already won. and last but not least, i'm going to tell you why i think a debt ceiling and government shutdown, bad idea. i'm going to show you a better way. the "kudlow report" begins right now. . >>> first up, amid allegations of anti-semitism and antiisrael sentiments, president obama nonetheless
FOX Business
Jan 7, 2013 11:00am EST
it as good news to get it out of the way. connell: it looks like president obama is really gearing up for a fight with republicans. dagen: rich edson joins us now from washington, d.c. with what the holdup would be. rich: president obama will nominate former republican senator from nebraska chuck hagel to lead the department at the pentagon. a number of republicans have had issues with hagel. he has reportedly erected talks with hamas, some say he is not pro- israel enough. it has a number of republicans lined up against him in opposition. >> he has long severed ties with the republican party. this is an in-your-face nomination by the president. i do not know what is management experience is regarding the pentagon. i think it is an incredibly controversial choice. rich: this sets up a big fight in the u.s. senate. this at a time when those automatic defense cuts have been delayed for two months and that fiscal cliff deal. there are major questions in washington on defense spending going forward. this is a pretty timely opponent or appointment for the president when you consider all th
CNBC
Jan 10, 2013 1:00pm EST
of "power lunch." an hour filled with breaking news. in 30 minutes time we expect president obama to name jacob lew to replace timothy geithner. it the white house really getting serious on gun control? under way right now, vice president biden, at the chair's seat. we should have answered very soon. and new rules on mortgages. being announced today. we will highlight changes and explain how they could affect you. >>> first though, sue at the new york stock exchange. sue? >> ty, as you mentioned, president obama will announce jack lew as his nominee for secretary of treasurer. he staffers believe it will be approved. analyst say the president's pick is a sign he will move forward with planned economic reforms and do so aggressively. mr. lew served as coo of nyu and worked at citigroup and served as white house office of management and budget chief and is currently white house chief of staff. apparently job one will be to work with congress to raise the borrowing limit and prevent default that could come as soon as next month. the announcement is at 1:30 p.m. eastern time. stay with "power
CNN
Jan 7, 2013 2:00am PST
think it's an incredibly controversial choice and it looks like the second term of barack obama is going to be an in your face term. >> foreign affairs correspondent jill dougherty is live from washington this morning. good morning to you. >> good morning. >> opposition to hagel comes from the right and left. can you break down the issues? >> yeah. i think it has to really start with israel because the people who believe that he is not a supporter of israel, in fact, they would question his devotion to anything that would help israel. he, for instance, believes in talking to hamas. he also has come out against iran sanctions by the united states. and so that gets other people very worried about his position. he opposed the surge in afghanistan. and when you get into that issue, the gay issue, so called, about 14 years ago he made some comments about an ambassadorial nomination who as he put it was openly and aggressively gay. now that's, of course, a buzz saw of criticism. so it's not going to be an easy type of nomination certainly as you can imagine. >> so why did the president pick ha
NBC
Jan 11, 2013 4:30am EST
control recommendations for president obama. >>> major concerns among top military brass that budget consults and hiring freezes could create a department of defense with a hollow force. >>> government sting. the dea set up our own service service agents with prostitutes. all that with the growing flu epidemic. one year since the "costa concordia" and because it's friday, twiggy, the water skiing squirrel. "early today" starts right now. >> announcer: this is "early today" for friday, january 11th, 2013. >>> good morning, i'm mara schiavocampo. vice president biden continues to hold meetings as the head of administration's gun control task force. thursday, biden met with gun rights advocates, including the national rifle association as well as gun retailer it's and representatives from the entertainment industry. while participants described the meetings as open and frank, the nra had harsh words for the vice president afterwards. >> the administration was able to check the box and say they'd talked to the representative of firearms owners and the groups that support the second amend
CNBC
Jan 10, 2013 4:00am EST
crisis. and president obama is expected to make the final touches to his second term economic team today. cnbc's john harwood has more on the changes coming to the u.s. treasury department. >> president obama has already filled out the members of his national security team for the second term. now he's filling out the economic term for a second term including his choice for treasury secretary. later today, we expect the president is going to appoint his current white house chief of staff jack lou as current treasury secretary. jack lew is a veteran of capitol hill and of more than one big major budget negotiations which is exactly what the president is facing right now. he's somebody with a low key demeanor who gets along well with others. his confirmation is expected to be not too difficult. what he doesn't provide is a strong business background or wall street ties, although he did work for citigroup for a while and he doesn't have the experience in financial regulation that tim geithner brought to the job having head of the federal reserve bank of new york during the financial crisis.
FOX Business
Jan 7, 2013 6:00pm EST
think. >> it must be the first loss for obama in the new year. gerri: thank you both for coming on tonight. we appreciate what you have to say so much. gerri: now we want to know what you think. are you worried about president obama tightening restrictions on guns? avant gerriwillis.com, vote on the right-hand side of the screen, we will share the results at the end of tonight's show. there's a lot more to come this hour, including new calls for an end to government cash handouts as welfare recipients are using their benefit cards at strip clubs and other x-rated establishments. and nancy pelosi says the latest tax deal in congress does not go far enough this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. gerri: yet another battle looming in washington. in a number of weeks, the u.s. is set to said they had a $16.4 trillion limit.
FOX Business
Jan 7, 2013 9:00pm EST
be the first loss for obama in the new year. gerri: thank you both for cing on tonight. we appreciate what you have to say so much. gerri: now we want t know what you think. are you worried about president obama tightening restrictions on gs? avant gerriwillis.com, vote on the right-hand side of the screen, we will share the results at the end of tonight's show. there's a lot more to come this hour, including new calls for an end to government cash handouts as welfare recipients are using their benefit cards at strip clubs and other x-rated establishments. and nancy pelosi says the latest tax deal in congress does not go far enough [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope to millions of children at everybeatmatters.org. gerri: yet another battl
CNBC
Jan 11, 2013 3:00pm EST
beginning this year as a result of this deal they cut, plus the obama care taxes, those are significant headwinds on economic growth in 2013. >> so you raising cash then, michael? >> we're strategically selling and reapplying in other areas that are beaten down as part of our overall diversified strategy. >> david katz, what do you like best in the market right here? with bank earnings starting today, with wells and you'll get a flood of them next week. that's probably going to set the tone for where the market goes next, right? >> it's going to be both the financials and the industrials as they come in. in terms of what we like for the upcoming year, we think financials which had a very good 2012 are due for a repeat, also for a good year. we don't think the earnings season is going to drive them higher. we think they will start to move higher after the earnings season as they look at the 2013 outlook, not last quarter. also like energy. that was a laggard, we think that's due for a catchup and industrials should also do well in the upcoming year. >> in terms of washington and the dysf
FOX Business
Jan 10, 2013 1:00pm EST
am lori rothman. president obama bought t but tos picks for treasury secretary. plus, what the nominations mean for the market. melissa: and good news for the gas market. lori: if you build it, the jobs will come. creating jobs in the small town, we're pleased to have the mayor join us with his story in minutes. melissa: very cool. lori: time for a market check. let's head down to the floor the new york stock exchange, giving back earlier gains. nicole: that is true. we have been pushed around a little bit, even moved into negative territory but the move to the upside and getting some of the moves to the upside with the gains we are seeing, dow jones industrials up 34 points, the bank stocks are looking little better and that is one of the reasons we have had the turnaround. drug stocks doing good. the dollar continues to drop. as the dollar is dropping that gives room for the commodities and equities to move higher. i wanted to take a look at a name that is making news and that is molly corporation. rare earth is something that has the demand they have seen is dwindling pa
FOX Business
Jan 9, 2013 1:00pm EST
responsibility. melissa: barack obama's first title -- when he came into office, he said no longer will we kick the can down the road. we will have this very serious process. continuing resolutions and that is where we get all of these tactics under goodies. it is a terrible process. melissa: is in a matter of a difference between revenues and outlays? >> you start by just having a budget. melissa: do they have to balance or do you just need a plan of some type? >> i would love to have them balance. they are terrified of saying what they want to cut. even if you believe that federal spending at a minimum has to be $3.7 trillion, which both sides believe, i do not. you will have to make tough choices because medicare and social security are swallowing up larger portions of the budget. you have to have a public thorough process about what else you will squeeze, cut and trim. melissa: why would they ever do it again. it seems like there is only downside. >> they have to pay the political penalty. it takes politicians who actually have the courage to say, yes, we will cut this. we do not need this
FOX Business
Jan 10, 2013 11:00am EST
to you. connell: more to come on that breaking news. rich live at the white house. dagen: president obama will nominate his chief of staff jack lew as the next treasury secretary a little more than two hours from now. connell: joining us now is from the "wall street journal." >> he will be directing economic policy for the president and he's a long-time washington insider. he worked for tip o'neil. he worked for bill clinton. he's worked on the budget for president obama. [talking over each other] >> there is a revolving door there. he did go in 09 and he came out with a lot of money despite the fact that citi bank was limping along and had to be helped out by the government. dagen: when he worked just as one example in the clinton administration he was considered reasonable but not now. why? >> i think the big part of it is how he performed when he worked for president obama in the first term. but it's also i think most people expect him to be very much like an alter ego of the president. he subscribes to the ideas that the president has, that the big problem in this country is not how t
FOX Business
Jan 7, 2013 1:00pm EST
you. melissa: president obama reaching across party lines and nominating former republican senator chuck hagel as secretary of defense. the decision facing resistance from both sides. lou dobbs makes sense of that all that coming up next. lori: let's look at interest rates. 10-year below 2%. that is important. 1.90%. we have a selloff in the equities markets. that's why we're not seeing too much of a gain. back with more after this ♪ [ indistinct shouting ] male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ instinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ melissa: here is your fox business brief. it is a tough day for the markets ahead of the start of earnings season which unofficially starts tomorrow. after the closing bell with aluminum giant calico's results. google executive chairman eric schmidt arriving in north korea today on a mission with former new mexico governor bill richardson. the state department says the trip is poorly planned aft
KICU
Jan 11, 2013 4:00am PST
. the nomination process for the next treasury secretary is moving forward with president obama naming jack lew as his pick. "i trust his judgement, i value his friendship, i know very few people who have greater integrity than the man to my left." lew currently serves as the chief of staff in the obama administration and could become treasury secretary when timothy geithner leaves later this month. joining us now via skype with insights is jim bianco of bianco research. how is wall street responding? > > lukewarm on the jack lew nomination. they're not really that thrilled. > other than lew's poor penmanship, how well will lew's no-drama approach play out in the upcoming debt ceiling talks? > > in the debt ceiling talks it is going to be interesting. other than the no drama, he has got a history of being confrontational with republicans, and that is going to be difficult because that is who he's got to deal with. > didn't he once work on wall street? > > briefly at citibank for a couple of years around the time of the financial crisis. > do you think the republicans will go along with his nomi
PBS
Jan 8, 2013 4:30pm PST
into stocks. suzanne pratt, "n.b.r.," new york. >> susie: chuck hagel, the man president obama has nominated to lead the defense department, has called the pentagon bloated and warned the agency has not made important strategic decisions. his nomination comes as lawmakers have been looking at taking a trilli out of dens spending over the coming decade. but as darren gersh reports, hagel may be forced to cut a lot more than that. >> reporter: former senator chuck hagel is a vietnam vet, so when he accepted the president's nomination as secretary of defense, it was fitting his thoughts turned first to the troops. >> these are people who give so much to this nation everyday with such dignity and selflessness. >> reporter: but if he is confirmed, one of hagel's toughest jobs will be deciding how much to cut back the size of the military and the size of military paychecks. that won't be easy. >despe all the nspicy theories about the defense industry, it's actually a lot easier to cut weapons than to cut personnel costs. when you try to cut military pay and benefits, you run into a buzzsaw on capi
NBC
Jan 11, 2013 11:00am EST
to you in the studio. >> thanks, mike. >>> right now, president obama is meeting with afghanistan president hamid karzai at the white house and they are discussing several topics include what can the role of the u.s. will be in the country of afghanistan. what afghanistan will be when the war ends next year. this is the first time the two leaders have met face-to-face since president obama was re-elected. a news conference is scheduled for 1:15 this afternoon. you can watch it live right here on news4. we'll also stream it live on nbcwashington.com. >>> and the pentagon is bracing for another budget battle on capitol hill taking steps to prepare to deal with billions of dollars in cuts. defense secretary leon panetta is asking his department to brace for those cuts if congress fails to reach an agreement on a final spending plan. the defense department will start freezing civilian hiring and it plans to delay awarding some contracts. and hold off on some maintenance as well. the pentagon is facing nearly a half trillion in cuts over a decade. >> and inauguration day is now just ov
CNBC
Jan 9, 2013 3:00pm EST
as the debt ceiling fight is heateding up, we're getting a new treasury secretary. tomorrow president obama expected to nominate white house chief of staff jack lew to replace tim geithner. will that a make a deal on the debt easier or tougher? >> and constellation brands raising its estimates. the stock is one of the s&p's top performers of the year. not getting much of a bood boost at all though. will this push the adult beverage company even higher? don't miss our exclusive with the company's ceo, rob sands. that's coming up. >> and aig's board declining to join a controversial shareholder lawsuit against the government over the $1 will 2 billion bailout of the company. i'll get the inside story from the ceo of the company, bob benmosche joining me here exclusively in the 4:00 hour of the "closing bell." back in a moment. curb... make you a target for thieves? or that dog bites account for a third of all home liability claims? what if you didn't know that one in seven drivers is uninsured? and that grease fires have to be smothered? the more you know, the better you can plan for whats ah
CNN
Jan 5, 2013 10:00am PST
me start with you. president obama says the debt creeling is nonnegotiable, but republicans in congress are going to use it as a negotiation tactic. you always say the government needs to get out of the way and let businesses grow. suspect not raising the debt creeling to pay for bills already incurred standing in the way of the economy? >> well, you know, ali, you said the republicans view this as a good tool to try to discipline spending. i don't think they view this as a good tool, but i think they view it as maybe the only tool that they have right now to try to get president obama to negotiate on spending cuts. as you've quite correctly said, we just lived through the first of these cliffs, which was the fiscal cliff. we got by that one. you know, democrats feel they had their day there and they did. they got their tax increase. republicans are still wondering when are we going to get around to reforming these big giant entitlement programs and maybe disciplining spending on the discretionary side. so i do think there will be a showdown on this debt ceiling. you may not
FOX Business
Jan 4, 2013 11:00am EST
want a trillion dollars in additional debt ceiling because that is the rate at which obama is running up deficits. you choose. we did this in 2011. the president gave up $2.5 trillion. give me your prediction. are you confident to say that there will be no more tax increases? >> yes. you cannot raise taxes now that we have gone past this stupid fiscal cliff. you cannot do that without the republican house of representatives voting yes. without the democrat senate voting yes. none of them want their fingerprints on obama's tax increases. they will be in the witness protection program. the republicans will cheerfully vote no. i do not even be in the room when you allow a tax increase to happen. they were voting against. you have a very very angry republican party in the house. it is about time. we need it. connell: thank you for coming on. grover norquist. the huge loss of life in syria. there seems to be little hope to ending the fighting. these numbers are just awful. then the reelection and the markets. history does not favor investors. fdr reelected three times. what is happening no
FOX Business
Jan 11, 2013 1:00pm EST
has the technology and services to help you solve it. for. melissa: president obama has been meeting with afghan president today at the white house. the two are scheduled to hold a news conference soon. richard@is that the white house with the latest. >> the two have released a statement. much of the meetings in washington have been about u.s. troop levels after 2014. that is when the nato agreement ends. items that basically still need to be ironed out. the press conference begins in about five minutes from now. we expect a couple of questions from both of the president. we imagine questions on the relationship between the u.s. and afghanistan. melissa: there is also big news out of the white house that is getting attention. vice president biden meeting with people in video games. rich: all of the white house is interested in infringing on second amendment rights. some of the entertainment industry was here yesterday. this is all on that effort. the vice president says he will deliver his report on tuesday about gun violence. the vice president did say that background checks seem to
FOX
Jan 7, 2013 7:00am PST
be and lin net gibson -- lynnette gibson. >>> three hours from now, president obama will nominate former republican senator chuck hagel as defense secretary. coming up at 7:15, why members of hagel's own party say they are against his nomination. >>> at the same white house event this morning, president obama will nominate john brennan as the new cia director. he's currently the counterterrorism and homeland security adviser. he's also a 25-year cia veteran. president obama considered nominating brennan for the job four years but brennan withdrew his name after being criticized during the bush administration. >>> 49ers fans are ready. in a couple of hours tickets go on sale for saturday's big playoff games against the green bay packers. but knows tickets will not be easy to get. ryan flores is live in san francisco. any idea how many tickets are up for grabs, ryan? >> reporter: very few, dave. very few. that's the latest we're hearing from the team. if you are a 49ers' fan you are probably hoping this week goes by fast because you are looking forward to the game and it was messed to be a
FOX Business
Jan 9, 2013 11:00am EST
president obama will nominate white house chief of staff tomorrow as the new treasury secretary. dennis: rich edson joining us now from inside the beltway has the latest. >> we have reported announcement coming this week. meeting at the white house friday, no events planned for this afternoon leaves tomorrow is most likely for the official announcement. a source familiar with the process tells fox the reason is jack lew has that the president cited decided a major budget fis with republicans on the debt ceiling and recently somewhat perverted fiscal cliff, also budget director under president bill clinton and obama known as someone with a very deep knowledge of budgeting. before joining the obama administration, he was a chief f operating officer at the citigroup alternative investments unit reported lost money to do that, although it earned profits from betting against the subprime mortgage market and will be if the fed to confirm him in one predicts very contentious process. >> it is a bumpy confirmation process. many people have no secure treasury will tell them the truth both of fin
FOX Business
Jan 11, 2013 11:00am EST
we are not even discussing it at all. >> obama is president, but he is not king. they should not be handled by an executive order. stuart: well said by everybody. i want to get back to charles. gun violence in the inner-city is not being addressed. charles: i do not know why the president will not take a platform. listen, at the end of the day, what drives people to do these things, i am talking about the prisons and a lot of the kids who shot each other for nothing. stuart: what are you doing about this in your own city, the mayor of chicago? dagen and connell, it is yours. dagen: bonds and games. video games at the center at the gun talks. connell: the cbcs latest report is expected in this hour. dagen: more and more people own their homes outright. no mortgages, no homes and how many of these are young folks. connell: american express is shedding workers. dagen: top of the hour. stocks now and every 15 minutes. nicole: small the client at this hour. we are still holding onto gains. one of the things that is weighing on the market today is blowing. shares are selling off by
CNBC
Jan 7, 2013 3:00pm EST
consumer fund. and she was a member of president obama's council of jobs and competitiveness. so where does the debt ceiling rate with the fiscal cliff game we saw? miss tyson, let me begin with you. if i understand your view correctly, you feel we have a situation in the economy where too much austerity would do the economy a great deal of damage right now. but an awful lot of people on the other side of the aisle say if not now, if we don't address spending now, when are we going to do it and that we have been saying fundamentally the same thing will take care of spending later, later, later and it never gets taken care of? >> well, i think that it is correct that we don't need fiscal austerity now, but we do need to -- a long-term plan to bring spending growth down in the future. you know, if we had a political system that worked efficiently, we could have both. we could have a plan, a long-term plan, maybe with some triggers. the federal reserve has triggered its interest rate policy based on what the economy is doing. so why not put in some spending cuts now, trigger them in gradually
CNBC
Jan 10, 2013 4:00pm EST
regardless of your politics on obama care. looking at energy very selectively and looking in cyclicals and some areas of consumer discretionaries. there may not be as much pop off the bet there but looking at global credit markets as well, adding to that yield advantage that may be available there, but you'll have to pick better stocks and better bonds. >> kenny, what are you seeing? >> i'm seeing, maria, that we've hit the top. struggled with 1472. it is a high and feels bullish but in the short term we're going to hit some resistance here. i would suspect the market will back off. a couple of issues in front of us at the end of the month. i suspect if there's any sense at all that they are not going to compromise or negotiate you'll see the market come right back in. that being said i would use that, any weakness opportunity to jump right back in because i do think my sense is that the market wants to go higher this year, want to go higher this year. our economy is stabilizing. economies around the world are stabilizing so i think it's a good year. >> where are you seeing the convict
CNBC
Jan 11, 2013 4:00pm EST
trillion in health care wait until you hear how the former obama advisers say we can do it. also ahead. neath need quick cash without a hassle? your local pawn shop could be the answer. jane wells with a surprising trend that has affluent borrowers and wall street taking notice. stay with us. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully sting. with investment information, risks, fees and expenses living with moderate to semeans living with pain.is it could also mean living with joint damage. help relieve the pain and stop the damage with humira, adalimumab. for many adults with moderate to severe ra, humira is clinically proven to help reli
FOX Business
Jan 3, 2013 11:00pm EST
's what they're interested in. that's what the obama white house wants. >> neil: i'll tell you what i don't see the same treatment of democrats. there's a greater deal with the war going on in the middle east and iraq, what have you, to question every penny and every abuse and every piece, that's fine. the question whether money is spent and whether it goes to the wrong tank at the wrong time at the wrong regiment. all fine. but then you've got to be level and fair about it and you've got to look after abuse and waste where it's going. and god forbid in a 50 billion dollar package how they came up with the sum in the tri state area is beyond me. heaven forbid you question where the dough is going and heaven really forbid if you discover in this process that it's going to places and events and localities that were the not even remotely affected by sandy. you're not doing that, you're helping the people who really needed the money because they're getting screwed out of that. >> well, it's a nice civic textbook idea that the news media would actually look into a bill and see what's in it and
CNBC
Jan 4, 2013 6:00am EST
spending problems one iota? obama, how can you say you won and, gosh, be smiling and patting yourself on the back. >> because he defined the problem as not having enough tax revenue. but now we can see right after they do the cliff, we have s&p, moody's, the imf coming out and saying, this doesn't come close. the problem all along has been spending. t the republicans got the right issue and the wrong chart. >> the chart yesterday showed that the 65 billion this will raise in taxes and the 1.2 trillion that the shortfall is. it showed it in a bar chart. that's our victory. it was like this, 65 billion here and 1.2 trillion. it did absolutely nothing. >> that is slightly true. but it was the arson that started the fire and before they showed up, they put out the fire and nobody was killed. they created this for their own purposes. >> i don't think the fed sat around and said we have to do 85 billion a month just so the congressional parties can screw up? >> you don't think -- >> what's that? >> so they do one month of 85 and then say, oh, never mind? >> no. they had the centers all alon
CNBC
Jan 8, 2013 6:00am EST
house that will agree with everything that the obama administration wants, then we'll do that and we'll electric more democratic senators, the democrats can control the house, the senate and the white house and we'll give the president a rubber stamp on everything and washington will be totally fixed and we'll live in this great, great european country. so maybe it will go that way. but if it doesn't go that way and it's not washington, it's the people that send these representatives to washington who disagree with -- there's a 50/50 people split in this country of people who love entitlements because they're people on the receiving end and there's people on the other side who is funding everything. i don't know. i don't know whether it's a broken washington or we're just at a crossroads in the way the republic is governed and we have to make a decision as a country which way we head. >> right. that's definitely a lot of the ltage. there's still a lot of assets on the other side of the balance sheet of all those liabilities. you have to focus on growth. growth should be the -- you kn
CNBC
Jan 10, 2013 6:00am EST
out 45 minutes later. >>> first, breaking news out of washington. today, president obama is going to be announcing his plans to nominate jacob lew as the next treasury secretary. the president will be making that announcement at 1:30 eastern time in an event in the east room of the white house. john harwood joins us now with more on that. john. >> andrew, president obama is going inside his inner circle to fill a key job as jack lew is somebody who served as chief of staff. he was budget director before that. he served in hillary clinton's state department. he does not have a deep background and ties to wall street and business. he's a creature of congress, made his name in washington working for tip o'neal, the house speaker. very hard working, very key, very bright. republicans found him a difficult negotiators in some of the budget talks over the last couple of years, but i would expect, andrew, that he's going to be confirmed pretty handily even though he'll have difficult questions in his confirmation hearing. >> john, how disappointed -- and perhaps now, but it appears that
FOX Business
Jan 6, 2013 4:00am EST
to congress. o knows? >> i do think there will be a revolt from people who voted for obama that would only hit the nasty rich people. but it will hit them. in and they lose their jobs because the rich guy cannot keep people on the payroll is pay the government or keep the employee. he makes the decision about the employee but nothe taxes or he goes to jail. gerri: we had jobs numbers today. 155,000 jobs were created. that is so unimpressive. if we don't create 240,000 jobs we cannot keep up with the number being born and the workplace. so many people have quit looking and the government wants to give them an additional amount of time. i am sympathetic for those who cannot find work but not for those who will lot because the government continues to pay them 99 weeks. two years of pay for not working it will be hard to work again. gerri: i agree. the government also wants to mint a platinum coin worth $1 trillion. >> why not? that i a brilliant idea to inflate the currency. the idea is to avoid the bt ceiling fight so if you use that as the basis to borrow the new to say you are solvent. anybody
PBS
Jan 10, 2013 4:30pm PST
. president obama taps a new warrior for the debt ceiling fight. he chooses jacob lew to be the 76th u.s. secretary of the treasury. >> tom: i'm tom hudson. uncle sam wants to make sure you can afford that home loan before you buy. new rules to protect consumers from bad mortgage lenders are on their way. >> susie: and, we look at whether new year's resolutions, to lose weight, can pump up your portfolio. >> tom: that and more tonight on "n.b.r."! >> susie: president obama named today a "low key" washington hand as his new secretary of the treasury. jacob lew is being called a man who combines tough bargaining with deep economic understanding and a commitment to protecting the safety net for the poor and the elderly. some republicans have promised to oppose lew's nomination, but most say they are reserving judgment. darren gersh has more on this pivotal player. >> reporter: the president introduced his pick for treasury secretary as a man who gets tough jobs done. and one of those jobs will be protecting programs the presidensupports. >> as the son of a polish immigrant, as a man of de
FOX Business
Jan 10, 2013 4:00pm EST
certainly is an obama loyalist, remains to be seen. i will say, you know, there's probably a little more contention in washington surrounding jack lew than there is, perhaps, on wall street right now. ashley: all right, jack. let me bring you in -- david, i'm sorry. jack, you had, we've heard from you. let's bring in david on where investors can make money in this market. what do can you like spa why? -- and why? >> sure. well, i'll make a comment on commodities. some people are very eager to jump back into gold. just remind folks that if they invested in gold in 1980-'81, it took maybe 25 years excluding the time value of money just to break even. but we do have representative portion, so an asset allocation for us might include 5-10% in commodities such as gold. as for fixed income, we are not long. we think there's more risk than upside. but clearly, munis, especially in the increased tax environment, still attractive as are some high-yield, some floating rate including some private debt alternative investments to provide some current yield while we continue to sort of muddle along du
CNBC
Jan 11, 2013 4:00am EST
dominant position. >>> barack obama officially nominated jack lew to replace timothy geithner overnight. speaking from the east room of the white house, the president made it clear just why he made this move for the post. >> over the past year, i've sought jack's advice on virtually every decision i've made from economic policy to foreign policy. and one reason jack has been so ekive in this town is because he is a low-key guy who prefers to surround himself with policy experts rather than television cameras. and and to hear who has been nominated for obama's cabinet, senator john kerry to replace hillary clinton as secretary of state, jack lew to replace timothy geithner and chuck hagel to as secretary of defense. tinny, good to see you. happy new year. >> happy new year to you, too. >> nice to see you. what do you make of the reshuffle? >> well, they are not surprising choices. there's a lot of discussion about whether obama's second term means changes or continuity. i'd use another key term which is consolidation. i think his cabinet are loyalists and insiders. they'll help move forw
FOX Business
Jan 4, 2013 6:00pm EST
to be a revolt, in large measure from people who voted for obama baena ted the nasty rich people. is that going to hurt them. understand, it will. when some of them lose their jobs because the rich got to work for decides he can afford to keep on the payroll as many people as he has because the taxes that he is paying, it's either pay the government or keep the employee. well, he can -- he makes a decision about the employee. he does not get to make a decision about the government taxes because of the doesn't pay that he goes to jail. gerri: exactly true. of course we have jobs numbers today. when you come in on that. the rate goes up. 155,000 people. jobs created this month. that's just so unimpressive. >> is not only an impressive. if we don't create 240,000 or more jobs a month or not even keeping up with the number of people that are being born. the whole in the workplace. the real issue is that so many people have just quit looking. they have given up. what is the government's response? let's pay people an additional time to not have a job. i'm sympathetic with people who can't find work.
FOX Business
Jan 5, 2013 12:00am EST
and then deal with our deficit? melissa: president obama has been in office for four years. now starting his fifth year. why do you think he hasn't alt with the jobs problem then? >> it may have sothing to do with congress. he has jobs plan been put forth before congress. they haven't moved on it. messa: and who exactly do you blame for that? because we just saw with this fiscal cliff deal republicans don't have any power. they don't have any influence. they can't get things done. all the democrats are in charge there. president obama isn charge. if you will blame people for not doing what you want over the past four years it has to be the democrats and the president? >> well i would think the house republicans could beg to differ with that. they seem to think they have a lot of power. melissa: no, they don't. i don't think a single republican would come on and te you they would feel like they're in power right now. >> seems th president who campaigned on the whole idea that taxes should not, should not be maintained at a lower rate for peop over $250,000 a year, he lost that battle. and why
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